Monday, April 11, 2011

Another impetus to Wednesday’s move is the White House’s belief that a bipartisan “Gang of Six” senators will announce this week that they have reached agreement on a debt-reduction package similar to that of the president’s fiscal commission.

After months of private discussions, the tentative agreement among the three Republican and three Democratic senators would cut military and domestic programs and overhaul the tax code, eliminating popular tax breaks but using the new revenues to lower income-tax rates and reduce annual deficits. It would be the model, if not in all details, for Mr. Obama’s own goals, Democratic officials say.

Now that's a shocker. Well, not really.

But this is just adorable:

Several presidential advisers interviewed in recent weeks said Mr. Obama has been torn between wanting to propose major budget changes to entice Republicans to the bargaining table, including on Social Security, and believing they would never agree to raise revenues on upper-income Americans as part of a deal.

Three House Republican leaders, including Mr. Ryan, were on the fiscal commission; unlike the three Senate Republicans, they opposed the recommendations because they raised revenues and did not cut enough from health care.

The risk to Mr. Obama includes further alienating liberals in his own party. Progressive groups have formed coalitions to oppose any changes to Social Security, for instance.

A CNN/Opinion Research Corporation survey released Monday indicates that the budget agreement that prevented a government shutdown is popular, with Americans supporting it by a 58 to 38 percent margin. But there's a partisan divide, with two-thirds of Democrats and a majority of independent voters backing the deal, and Republicans divided.

By a 48 to 35 percent margin, the public thinks Democrats are more responsible than the GOP for the late Friday night agreement, which prevented a shutdown of some government services and offices. And according to the survey, which was conducted Saturday and Sunday, 54 percent say they approve of how the president handled the budget negotiations, compared to only 44 percent who approve of how the Republican leaders in Congress handled themselves last week.

Mainstream Democrats trust Obama and Independents don't care about any specific policy or party. That means none of this adversely affects his re-election unless unemployment goes back up and growth stalls out. I guess they're rolling the dice that it won't.

Certainly future cuts in "entitlements" won't have any immediate effect on the economy so if this dynamic remains, they're perfectly safe for him to cut -- indeed, they're perfect.